Riverwater Partners LLC Has $2.10 Million Stock Holdings in Federal Agricultural Mortgage Co. (NYSE:AGM)

Riverwater Partners LLC increased its holdings in shares of Federal Agricultural Mortgage Co. (NYSE:AGM) by 1.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,530 shares of the credit services provider’s stock after buying an additional 122 shares during the quarter. Federal Agricultural Mortgage accounts for approximately 1.0% of Riverwater Partners LLC’s holdings, making the stock its 21st biggest position. Riverwater Partners LLC owned approximately 0.11% of Federal Agricultural Mortgage worth $2,095,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Kingswood Wealth Advisors LLC acquired a new position in shares of Federal Agricultural Mortgage in the 1st quarter valued at about $208,000. Sunbelt Securities Inc. lifted its position in Federal Agricultural Mortgage by 194.2% in the 1st quarter. Sunbelt Securities Inc. now owns 203 shares of the credit services provider’s stock worth $40,000 after buying an additional 134 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Federal Agricultural Mortgage by 63.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 46,225 shares of the credit services provider’s stock worth $9,101,000 after buying an additional 17,870 shares in the last quarter. Applied Capital LLC FL acquired a new stake in shares of Federal Agricultural Mortgage during the 1st quarter valued at $719,000. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of Federal Agricultural Mortgage during the 1st quarter valued at $2,141,000. 68.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $215.00 price objective on shares of Federal Agricultural Mortgage in a report on Tuesday, August 6th.

Insider Buying and Selling

In other Federal Agricultural Mortgage news, EVP Stephen P. Mullery sold 2,472 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $182.28, for a total value of $450,596.16. Following the sale, the executive vice president now owns 22,045 shares of the company’s stock, valued at $4,018,362.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Federal Agricultural Mortgage news, Director Sara Louise Faivre-Davis sold 685 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $184.55, for a total value of $126,416.75. Following the completion of the transaction, the director now owns 3,225 shares of the company’s stock, valued at $595,173.75. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Stephen P. Mullery sold 2,472 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $182.28, for a total value of $450,596.16. Following the completion of the sale, the executive vice president now owns 22,045 shares of the company’s stock, valued at $4,018,362.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,967 shares of company stock worth $729,487 in the last quarter. 2.58% of the stock is currently owned by company insiders.

Federal Agricultural Mortgage Price Performance

NYSE AGM opened at $185.30 on Thursday. The firm has a market cap of $2.02 billion, a P/E ratio of 11.30, a price-to-earnings-growth ratio of 1.64 and a beta of 1.04. The stock’s 50-day moving average is $186.70 and its two-hundred day moving average is $185.54. Federal Agricultural Mortgage Co. has a fifty-two week low of $142.32 and a fifty-two week high of $217.60. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.49 and a quick ratio of 0.49.

Federal Agricultural Mortgage (NYSE:AGM) last issued its quarterly earnings data on Monday, August 5th. The credit services provider reported $3.63 earnings per share for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.46). Federal Agricultural Mortgage had a net margin of 13.28% and a return on equity of 20.88%. The company had revenue of $406.23 million during the quarter, compared to the consensus estimate of $91.77 million. During the same period in the previous year, the business posted $3.86 earnings per share. On average, analysts anticipate that Federal Agricultural Mortgage Co. will post 15.95 earnings per share for the current fiscal year.

Federal Agricultural Mortgage Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a $1.40 dividend. The ex-dividend date was Monday, September 16th. This represents a $5.60 dividend on an annualized basis and a yield of 3.02%. Federal Agricultural Mortgage’s payout ratio is presently 34.15%.

About Federal Agricultural Mortgage

Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Corporate AgFinance, Farm & Ranch, Rural Utilities, and Renewable Energy. The company’s Agricultural Finance line of business engages in purchasing and retaining eligible loans and securities; guaranteeing the payment of principal and interest on securities that represent interests in or obligations secured by pools of eligible loans; servicing eligible loans; and issuing LTSPCs for eligible loans.